Drivers aged 25 and under pay an average of £980 a year for their young driver insurance, with 18 to 20-year-olds paying well into four figures for their annual premium. This contrasts to the average UK private car driver premium of £621, according to the ABI.
According to the most recent RAC Report on Motoring, 44% of young drivers see insurance as the greatest barrier to owning and running a car, making it by far and away the number one concern.
As difficult as it is for young drivers to pay these premiums, insurers have good reason to be cautious.
Drivers (particularly male drivers) between the ages of 17 and 24 are four times more likely to be involved in an accident and make a claim, with the single biggest cause of accidental death of young people aged 17 and 24 being getting into a car and dying in a crash.
How to get cheap car insurance for a new driver?
There has been a lot of recent publicity over the general rise in car insuranc premiums, with young drivers being harder hit than ever.
There are some key way to help reduce your premiums, such as by choosing one of the cheapest cars to insure for new drivers.
The RAC believes Black Box Car Insurance can tackle this issue through the use of telematics technology, which rewards safe drivers with limited experience, rather than simply penalising them just because they are newly qualified.
According to research conducted by the ABI, 67% of people support the compulsory use of telematics in the cars of newly-qualified young motorists for a year after passing their test.
Telematics works through monitoring the way you drive, tracking things like braking and acceleration, and calculates how safe a driver you are by giving you a Driver Score.
The better you drive the higher your score and the lower your insurance renewal premiums could be.
A black box also offers the further benefit of GPS tracking, helping to locate your vehicle quickly if it's lost or stolen.
The RAC also offers specialist learner driver insurance for getting that all important practice before passing your test.
How can Black Box Insurance lower your premium?
Getting RAC Black Box Car Insurance couldn’t be simpler.
After buying a policy, either online or over the phone, we’ll either send the black box to you or arrange it to be installed when it is convenient.. The procedure generally just a few minutes.
Once installed, you can keep track of your driving performance via a smartphone app from your insurer.
This score is calculated after your car has been driven 200 miles and is then updated every seven days after the installation date.
The portal also provides helpful hints and tips to help improve your score through safer road practices, helping you to drive down the price of your premium.
- Did you know if you're looking to borrow a car for a short-period of time, we offer temporary car insurance
Black Box Insurance
Want to pay less for your car insurance? Whether you’re a new driver or just looking to reduce costs, we can help.
How do new drivers feel about Telematics?
According to research, 64% of young drivers felt having a telematics box fitted in their car would improve their driving.
As the RAC imposes no curfews or mileage limits, unlike some other policies, a further 44% said they would consider taking out a ‘black box insurance’ policy.
As RAC telematics also includes accident technology that is able to detect 92% of accidents, it’s hardly surprising then that 67% of young drivers, whose parents are involved in the car insurance decision, said they felt their parents would prefer them to have a telematics policy.
Find further information here on RAC Black Box Car Insurance or speak to one of our RAC advisers on 0330 159 1042 to get a quote.
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